Northern States Power St. Paul Credit Union selects Sharetec

MINNESOTA, MN (November 13, 2014)  Sharetec System, one of the fastest growing core systems offering a true return on your investment, announces Northern States Power St. Paul Credit Union (NSP) in St. Paul, MN, has chosen Sharetec as their new core system.

NSP began its search over a year ago when enlisting the help of a firm that assists credit unions in the search for new core systems. After significant research and comparison, including a detailed Request for Proposal, NSP identified Sharetec as the system that will help advance the functionality both within the credit union for the staff and for its member’s self-service needs.

“Our credit union had reached a point that our current core system was constraining our growth and unfortunately was not pacing well with the current technology needs of our staff and members,” commented Mary Hoylo-Nelson, President/CEO. “We need a system that could provide the tools to be more efficient in lending and also automate the manual tasks we have to do as a staff and Sharetec delivered all that and more with a cost effective model.”

NSP had also invested in other key solutions prior to the search for a core that they were not able to integrate but with the open architecture of Sharetec all the systems within the credit union could work seamlessly together.

“It was clear that NSP had specific issues they were trying to overcome with their current core system and needed a tool set unique to Sharetec that greatly improves the workflow in the area of lending and other key areas of the credit union,” remarks Keane Kulak, Regional Director for Bradford-Scott Data Corporation, an owner/distributor of the Sharetec System. “Additionally, NSP has a strong member base that wants to access their information on their accounts through multiple integrated channels and we are excited to help them reach those goals with Sharetec.
About NSP Credit Union

Since 1933, Northern States Power St. Paul CU has been serving employees of XCEL Energy Company and their familes. With just under $50 million in assets, they serve over 4,300 members.

About Sharetec System
Sharetec, a provider of both in-house and service bureau core solutions, has nearly 300 core credit unions and has grown 67% since the year 2000.

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